Good news for cryptocurrency users that use Luno – the platform now supports Ethereum.

Users that have been verified on Luno will now be able to create an Ethereum wallet that they can use to send, receive or buy the cryptocurrency. Sadly trading is not available through the Luno exchange just yet.

“It is core to our beliefs that decentralised digital currency will form the basis of the future of finance,” said Luno co-founder and chief executive officer Marcus Swanepoel in a statement.

“Our mission at Luno is to bring digital currencies to everyone, everywhere. It is our view that we will end up with a multi-digital currency world and Ethereum is aligned with this view,” added Swanepoel.

Setting up a wallet is really rather simple.

Log into Luno, select Wallets and then add an Ethereum wallet. At time of writing Ethereum costs R4442.51 for one “coin”. Take note that you will need to be a verified user to do that, details on how to get that sorted out are available here.

While the price of Bitcoin has climbed 940% over the last 12 months, Ethereum has risen 2600% according to CoinMarketCap.

This addition today means that users can now use Luno for all their Bitcoin, Bitcoin Cash and Ethereum needs.

Nice job Luno!

Brendyn Lotz writes news, reviews, and opinion pieces for Hypertext. His interests include SMEs, innovation on the African continent, cybersecurity, blockchain, games, geek culture and YouTube.